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Inseego: 2Q Earnings Snapshot

August 6, 2019

SAN DIEGO (AP) _ Inseego Corp. (INSG) on Tuesday reported a loss of $10.8 million in its second quarter.

The San Diego-based company said it had a loss of 14 cents per share. Losses, adjusted for non-recurring costs and stock option expense, were 3 cents per share.

The holding company posted revenue of $55.9 million in the period.

For the current quarter ending in October, Inseego said it expects revenue in the range of $58 million to $62 million.

In the final minutes of trading on Tuesday, the company’s shares hit $4.63. A year ago, they were trading at $1.95.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on INSG at https://www.zacks.com/ap/INSG

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